Advance G definition

Advance G means the advance equal to the lesser of (i) USD23,000,000 and (ii) 60% of the Valuation Amount of Vessel G determined no more than 10 days prior to the Drawdown Date relating thereto, to be applied in or towards the acquisition of Vessel G or, as the context requires, the amount thereof outstanding from time to time;
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Advance G means the advance of USD35,000,000, to be applied in re-financing part of the purchase price of the Acquired Vessel;
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Advance G means a borrowing of a part of the Total Commitments by the Borrower up to the Ship Commitment in respect of Ship G, which is to be made available in relation to Ship G, or (as the context may require) the outstanding principal amount of such borrowing.
Sample 1

Examples of Advance G in a sentence

  • The Lenders, relying upon each of the representations and warranties in Clause 4 and subject to Clause 3, agree to make Advance G available to the Borrower upon and subject to the terms of this Agreement and the Facility Agreement to enable the Borrower to finance in part the purchase price of the NP Owner.

  • Subject to the terms of this Agreement, the obligations of the Lenders shall be to contribute to Advance G as to 50% each.

  • The Lenders, relying upon each of the representations and warranties in clause 7, agree to provide to the Borrowers upon and subject to the terms of this Agreement, the Undrawn Commitment of Advance A, the Undrawn Commitment of Advance D, the Undrawn Commitment of Advance G, the Undrawn Commitment of Advance H and Advance I for the purposes of financing part of the purchase price of Vessel I.

  • Subject to the terms of this Agreement, the obligations of each Lender shall be to contribute to the Undrawn Commitment of Advance A, the Undrawn Commitment of Advance D, the Undrawn Commitment of Advance G, the Undrawn Commitment of Advance H and Advance I the proportion of the relevant one of the Undrawn Commitment of Advance A, the Undrawn Commitment of Advance D, the Undrawn Commitment of Advance G, the Undrawn Commitment of Advance H and Advance I which is set out opposite its name in Schedule 1.

  • The Borrower agrees to pay to the Agent for the account of the Lenders pro rata in accordance with their Commitments to Advance G quarterly in arrears from the date of this Agreement until Advance G Drawdown Date and on such date itself commitment commission computed from the date of this Agreement at a rate of zero point five per cent (0.5%) per annum on the daily undrawn amount of Advance G.


More Definitions of Advance G

Advance G means an amount equal to the least of (i) $3,700,000, (ii) 55% of the Fair Market Value of Ship N and (iii) an amount which, when added to the Advances which have been drawn down on or prior to Advance G will equal 55% of the aggregate Fair Market Values of all the Guarantor Ships which will be subject to a Mortgage on the Drawdown Date in respect of Advance G, to be applied in or towards financing or refinancing the acquisition of Ship N or, as the context requires, the amount thereof outstanding from time to time;
Sample 1
Advance G means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship G and
Sample 1
Advance G means the advance of USD23,857,526.90 representing the aggregate of (i) USD21,660,000, which has already been drawn and (ii) USD2,197,526.90 in respect of the Undrawn Commitment of Advance G or, as the context requires, the amount thereof outstanding from time to time;
Sample 1
Advance G means the advance of USD23,857,526.90 representing the aggregate of (i) USD21,660,000, which has already been drawn and(ii) USD2,197,526.90 in respect of the Undrawn Commitment of Advance G or, as the context requires, the amount thereof outstanding from time to time;
Sample 1
Advance G means a borrowing of a part of the Total Commitments by the Borrowers up to the Ship Commitment in respect of Ship G, which is to be made available in relation to Ship G, and comprising a Commercial Facility Advance, a KEXIM Facility Advance, a KEXIM Covered Facility Advance and a K-sure Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.
Sample 1
Advance G means an advance of the Total Commitments up to the lesser of (a) the Ship Commitment in respect of Ship G and (b) 65% of the Delivery Price of Ship G on the Utilisation Date relative to such Advance, comprising a KEXIM Facility Advance, a K-Sure Facility Advance and a Commercial Facility Advance, each in the Relevant Percentage of such Advance, or (as the context may require) the outstanding principal amount of such borrowing.
Sample 1

Related to Advance G

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Advance Date means the funding date of any Advance.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • The Advance Purchase Order or “Letter of Intent” means the intention of Purchaser to place the Purchase Order on the bidder.

  • Advance fee means any consideration paid or given, directly or indirectly, to a mortgage lender, first mortgage broker or originator required to be licensed or registered pursuant to sections 36a-485 to 36a-498a, inclusive, as amended by this act, prior to the closing of a first mortgage loan to any person, including, but not limited to, loan fees, points, broker's fees or commissions, transaction fees or similar prepaid finance charges;

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Advance Payment Contract means any contract whereby any Credit Party either (a) receives or becomes entitled to receive (either directly or indirectly) any payment (an “Advance Payment”) to be applied toward payment of the purchase price of Hydrocarbons produced or to be produced from Oil and Gas Interests owned by any Credit Party and which Advance Payment is, or is to be, paid in advance of actual delivery of such production to or for the account of the purchaser regardless of such production, or (b) grants an option or right of refusal to the purchaser to take delivery of such production in lieu of payment, and, in either of the foregoing instances, the Advance Payment is, or is to be, applied as payment in full for such production when sold and delivered or is, or is to be, applied as payment for a portion only of the purchase price thereof or of a percentage or share of such production; provided that inclusion of the standard “take or pay” provision in any gas sales or purchase contract or any other similar contract shall not, in and of itself, constitute such contract as an Advance Payment Contract for the purposes hereof.

  • Subservicer Advance Any delinquent installment of principal and interest on a Mortgage Loan which is advanced by the related Subservicer (net of its Subservicing Fee) pursuant to the Subservicing Agreement.

  • Advance Facility As defined in Section 3.22.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Collection Point means the collection point for the Vehicle specified in the Confirmation and/or Rental Agreement;

  • Advance Reimbursement Amounts As defined in Section 3.29 hereof.

  • Originator means the sender of the first payment order in a funds transfer.

  • Margin Loan Provider means the Initial Margin Loan Provider, subject to replacement by a replacement Margin Loan Provider, and any of their respective successors.

  • Advance Deficiency As defined in Section 4.01(b).

  • Collection site means the location of waste containers on collection day.

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Advance Rent means moneys paid to the landlord to be applied to future rent payment periods, but does not include rent paid in advance for a current rent payment period.

  • Servicing Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.